As you start looking for your next apartment, you’ll likely be presented with a wide array of costs and fees. One that you may not be familiar with is a technology fee, which is charged by some apartment buildings to cover the cost of bringing in high-speed internet and cable television to their communities. In this article, we’ll discuss what a technology fee is and how it differs from an amenity package, so you can be better informed when shopping for apartments.
What Is a Green Fee for Apartments?
A green fee for apartments is a charge that many apartment complexes in NYC impose on their residents to support environmentally friendly initiatives. These eco-friendly initiatives can include energy-efficient upgrades, waste reduction campaigns, rooftop gardens and more. While this charge can vary widely, it’s a great way for apartment dwellers to embrace sustainability and feel good about living in the city that never sleeps.
Unlike the green fee, the application fee is nominally meant to cover the landlord’s costs for running a credit check. However, the NCLC found that landlords often collect these fees liberally and even charge tenants who are ultimately not approved for an apartment. As such, the NCLC recommends that renters carefully read apartment application terms and conditions to ensure that they are only paying for services that they will actually use. While these fees are typically non-refundable, some landlords offer a refund policy and others do not charge them at all.